Common Contracts

2 similar Advisory Agreement contracts by Calvert Variable Series Inc, First Variable Rate Fund for Government Income /Md/

ADDENDUM TO ADVISORY AGREEMENT Calvert Variable Series, Inc Calvert Municipal Fund, Inc. Calvert Tax-Free Reserves First Variable Rate for Govt. Income
Advisory Agreement • June 13th, 2008 • First Variable Rate Fund for Government Income /Md/

Calvert Asset Management Company, Inc. ("Calvert" or "Advisor"), as advisor to the above-referenced registered investment companies ("Funds"), hereby agrees with the respective Funds to limit the net annual operating expenses of the Funds as follows through the period ended April 30, 2009. Figures are expressed as a percentage of average annual net assets. For the purposes of this expense limit, operating expenses do not include interest expense, brokerage commissions, taxes, and extraordinary expenses. To the extent any expense offset arrangement reduces Fund expenses, the Advisor's obligation under this agreement is reduced and the Advisor shall also benefit from the expense offset arrangement.

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ADDENDUM TO ADVISORY AGREEMENT Calvert Variable Series, Inc Calvert Municipal Fund, Inc. Calvert Tax-Free Reserves First Variable Rate for Govt. Income
Advisory Agreement • April 29th, 2008 • Calvert Variable Series Inc

Calvert Asset Management Company, Inc. ("Calvert" or "Advisor"), as advisor to the above-referenced registered investment companies ("Funds"), hereby agrees with the respective Funds to limit the net annual operating expenses of the Funds as follows through the period ended April 30, 2009. Figures are expressed as a percentage of average annual net assets. For the purposes of this expense limit, operating expenses do not include interest expense, brokerage commissions, taxes, and extraordinary expenses. To the extent any expense offset arrangement reduces Fund expenses, the Advisor's obligation under this agreement is reduced and the Advisor shall also benefit from the expense offset arrangement.

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